EURUSD Resistance Level - Volume Profile
I still see EURUSD, at some stage, sweeping the liquidity lying at 1.0790, before making the main move higher.
The level we are are now could start and act as resistance: note the POC during the distribution phase on Thursday. Waiting for a nice entry sell opportunity now on lower timeframe.
Image below shows the level I would like to target with any sell I enter.
The level we are are now could start and act as resistance: note the POC during the distribution phase on Thursday. Waiting for a nice entry sell opportunity now on lower timeframe.
Image below shows the level I would like to target with any sell I enter.
Note
For all you FVG traders out there, I know there are a lot these days, this level lines up perfectly with an old 5 min FVG...Note
Alerts set on these highs, then wait for setup...
Trade active
Trade closed: stop reached
Stopped out yesterday at entry
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.